Housing Wire
OCTOBER 26, 2023
Average mortgage rates on 30-year fixed home loans continued their march towards 8% this week as the Treasury yield surpassed 5%. Rates have been steadily climbing for seven straight weeks, the longest consecutive increase since Spring 2022, according to Freddie Mac ‘s Primary Mortgage Market Survey. The average 30-year, fixed-rate mortgage rose to 7.79% as of Oct. 26.
Keeping Current Matters
OCTOBER 26, 2023
The idea of owning a home has always been a big part of the American Dream.
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Housing Wire
OCTOBER 26, 2023
The servicing segment drove most of Pennymac Financial Services ’s earnings in the third quarter of 2023, just like its peers, Mr. Cooper and Rithm Capital. Profits at the California-based lender increased by 60% from July to September, compared to the prior quarter, with originations also boosting performance. Pennymac announced on Thursday a $92.87 million net income in Q3 2023, up from $58.2 million in the previous quarter but down from $135 million in Q3 2022, per Securities and Exch
Real Estate News
OCTOBER 26, 2023
The defense in Sitzer/Burnett called on three experts to discuss the consequences of decoupling commissions, with one facing aggressive cross-examination.
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Housing Wire
OCTOBER 26, 2023
KANSAS CITY, Missouri — The ninth day of the Sitzer/Burnett commission lawsuit started off with some overnight news from the court. After filing a motion for a mistrial Wednesday morning, citing several grievances including “vulgar” footage from a Tom Ferry podcast featuring Allan Dalton and references to the Department of Justice’s investigation of the National Association of Realtors (NAR), defendant HomeServices of America learned it didn’t get its way.
Real Estate News
OCTOBER 26, 2023
After big declines in August, sales recovered slightly, but “pending contracts remain at historically low levels,” NAR Chief Economist Lawrence Yun noted.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Real Estate News
OCTOBER 26, 2023
Expect a “more dramatic” seasonal slowdown in home sales as average rates near 8% scare off buyers.
Housing Wire
OCTOBER 26, 2023
Pending home sales ticked up 1.1% in September despite significant affordability hurdles weighing on the market, according to data released Thursday by the National Association of Realtors (NAR). NAR’s Pending Home Sales Index rose to a reading of 72.6 in September. Pending homes sales mirrored the trend in new home sales , which posted a 12.3% increase in September.
Real Estate News
OCTOBER 26, 2023
The iBuyer will send potential sellers leads to the brokerage company, while Anywhere agents can present their sellers with a cash offer from Offerpad.
Housing Wire
OCTOBER 26, 2023
New York-based Rithm Capital’s profits declined in the third quarter of 2023, when the real estate investment trust got involved in a dispute for Sculptor Capital Management and announced the acquisition of Specialized Loan Servicing. The deals are part of the firm’s plan to become a leading global asset manager, executives said. Rithm announced Thursday that it delivered a $194 million GAAP net income in the third quarter of 2023 — lower than the $357.4 million the prior quarter , p
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Inman
OCTOBER 26, 2023
Find out how this Florida brokerage leader combines selflessness, diligence and patience to achieve remarkable results.
Housing Wire
OCTOBER 26, 2023
Real estate conglomerate Anywhere is teaming up with Offerpad to expand the iBuyer ‘s services nationwide, according to an announcement on Thursday. Offerpad operates in 14 states. The partnership extends Offerpad’s reach by allowing seller requests from areas outside of Offerpad’s current markets to be served by certified agents affiliated with the Anywhere Leads Network , a nationwide network of 500 brokers and more than 100,000 real estate agents.
Inman
OCTOBER 26, 2023
RESAAS’s data provisioning and market insight tools address a wide array of needs in multiple real estate business centers. It's known especially for its MLS and brokerage communication modules.
Housing Wire
OCTOBER 26, 2023
Wednesday afternoon’s proceedings at the Sitzer/Burnett commission lawsuit trial continued with more testimony from HomeServices of America executives. After appearing in a video deposition on Monday as part of the plaintiff’s testimony, Rosalie Warner, a corporate representative for HomeServices of America and its affiliates, was in the Kansas City courtroom in person on Wednesday.
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Inman
OCTOBER 26, 2023
Sellers located outside of Offerpad markets who contact the iBuyer for services will be connected with eligible agents in the Anywhere Leads Network.
Housing Wire
OCTOBER 26, 2023
HousingWire Editor in Chief Sarah Wheeler sat down with Nicolas Guillen, co-founder of BaseCap Analytics , to talk about data, AI and the problems we still need to solve. Sarah Wheeler: Your background includes experiences in banking and capital markets, including working at Morgan Stanley as a credit risk manager. How do you leverage those experiences at BaseCap?
Inman
OCTOBER 26, 2023
The longtime film and TV set decorator turned to staging for NYC-based real estate firm Archpoint Advisory on the cusp of the WGA and SAG-AFTRA strikes, and is enjoying the opportunity.
Housing Wire
OCTOBER 26, 2023
In a groundbreaking development for the real estate and mortgage industries, HousingWire has announced the successful merger of HousingWire Annual and RealTrends’ Gathering of Eagles. The merger, which has been in the works for several months, brings together two powerhouse events that have been at the forefront of industry thought leadership. By joining forces, The Full Picture begins to emerge, creating business and knowledge opportunities for mortgage, real estate, title, and appraisal leader
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As the real estate market evolves, technology has become essential for success. According to NAR, only 26% of agents feel their brokerage provides the necessary tech tools and, as a result, agents seek teams and brokerages who prioritize technology investments! Whether you manage an established team or are forming a new one, this guide outlines key considerations and necessary applications to thrive.
Inman
OCTOBER 26, 2023
The Pending Home Sales Index, representing the number of homes that went under contract, rose 1.1 percent between September and August.
Housing Wire
OCTOBER 26, 2023
Thursday was a big day for title firm earnings, with three of the Big Four title insurers reporting their third-quarter 2023 earnings. The day began with Stewart’s Q3 2023 earnings call with investors and analysts. During the quarter, the smallest of the Big Four recorded a total revenue of $601.7 million, down from $716.4 million a year ago. Stewart’s net income also fell year over year dropping from $29.4 million in Q3 2022 to $14.0 million in Q3 2023.
Inman
OCTOBER 26, 2023
If you've been struggling with motivation, mindset and the strains of the current market, author and trainer Bernice Ross offers two dozen proven techniques to get you back on track.
RIS Media
OCTOBER 26, 2023
Buying a home is a significant milestone in anyone’s life. It often comes with many decisions and complexities. One of the smartest moves you can make as a homebuyer is to enlist the services of a buyer’s agent. But what does a buyer agent do, and how can they help you in your real estate… The post Is Having a Buyer’s Broker Really Necessary?
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Now more than ever, brokers need to provide agents with the right tools, strategies, and training to effectively demonstrate their expertise, negotiate successfully, and foster strong client relationships. So – what should brokers do to ensure this? Invest in the right technology, continuous education, and innovative marketing strategies that empower agents to stand out in a crowded marketplace.
Bigger Pockets
OCTOBER 26, 2023
The housing market makes no sense at this point. Is it good? Bad? Ugly? Here's what the data says it is.
RIS Media
OCTOBER 26, 2023
Real gross domestic product (GDP), the most accurate measure of a country’s broad economic growth, defied expectations in the third quarter, showing the economy grew at an annualized pace of 4.9%, according to the latest “advance” estimate from the U.S. Commerce Dept.’s Bureau of Economic Analysis (BEA) released Thursday. In the second quarter, real GDP… The post U.S.
Bigger Pockets
OCTOBER 26, 2023
Sometimes, properties may not have a clear title or line of ownership. If a property has any issues with its title, an owner may choose to provide a quitclaim deed. These deeds are also referred to as quick claim deeds because the transfer of property can happen much faster using this type of deed. This guide will explain everything you need to know about the quitclaim deed.
RIS Media
OCTOBER 26, 2023
KANSAS CITY—Judge Stephen R. Bough, presiding over the landmark Burnett class-action lawsuit, yesterday denied a petition by defendant HomeServices of America for a mistrial, saying that alleged misconduct and prejudicial actions by the plaintiffs did not warrant starting over in front of a new jury. “The Court finds that mistrial is too drastic a remedy… The post COURT UPDATE: Judge Denies Petition for Mistrial; NAR Loses Bid For Immediate Judgment appeared first on RISMedia.
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Navigated 360° tours, like YourVRTours, advance pipelines by engaging clients further along the sales funnel. These immersive experiences provide comprehensive property insights, increasing buyer intent and readiness. By embracing navigated tours, agents can optimize property exposure, better qualify leads, and streamline the sales process. Stay ahead in the ever-evolving real estate landscape with innovative technology that elevates buyer journeys and progresses pipelines more effectively.
Bigger Pockets
OCTOBER 26, 2023
Leverage is a valuable tool that uses other people’s money to buy property. This strategy allows you to find more lucrative investment opportunities while protecting your liquid assets. It gives you endless possibilities to purchase real estate with little or no money down.
RIS Media
OCTOBER 26, 2023
Wednesday’s most consequential courtroom moments during the ongoing commissions trial took place without the jury present when Judge Stephen R. Bough ruled against a petition for a mistrial—requested by the defense after the plaintiff’s played a surprise inflammatory video of a Berkshire Hathaway HomeServices executive sharing an unsavory tactic for handling commission objections—and dismissed a… The post Gino Blefari Takes the Stand in Defense of HomeServices, Industry at Larg
Bigger Pockets
OCTOBER 26, 2023
ROI in real estate measures the profitability of an investment property. It's the ratio of net profit to the initial investment. In simple terms, a higher ROI indicates a more lucrative investment, while a lower one suggests lower returns.
RIS Media
OCTOBER 26, 2023
Top row from left: Sherri Johnson, Donnie Samson, Jackie Louh, Robyn Erlenbush and Dava Davin. Bottom row, from left: Mike Pappas, Matthew O’Connor, Diane Ramirez and Hadi Atri. Not pictured: moderator Kate Reisinger. Photos by AJ Canaria. When the residential real estate industry experiences a downturn like it has this year, and with no expectations for… The post Future Fine-Tuning: How to Ensure That Your Agents Will Thrive Going Forward appeared first on RISMedia.
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